Order Types

MC Markets supports standard order types; selecting the right one is key to efficient trading.

• Market Order: It is executed immediately at the best available Quote in the current market. This order type prioritizes speed and is suitable for scenarios requiring rapid entry or exit, as it instructs execution immediately at the current market price.

• Limit Order: A type of order that allows users to execute trades at a specified price. The order will only be triggered when the price reaches the level set by the user. Limit orders have two directions: Opening Order (to establish a new position) and Closing Order (to terminate a held position). When a market gap occurs and skips the limit order price, the limit order will be executed at the real market bid/ask price after the gap.

Stop-Loss and Take-Profit: they are essential for risk management. Preset a price level; positions auto-close when Mark Price reaches it.

• Stop-Loss: Prevents excessive losses.

• Take-Profit: Locks in profits without constant monitoring.

All trigger orders (limits, stops) use Mark Price to avoid erroneous triggers from anomalies, protecting positions.